USD/JPY: Elliott Wave Analysis and Forecast for 18.04.25 – 25.04.25

Major Takeaways Main scenario: Consider short positions from corrections below the level of 148.15 with a target of 138.65 – 131.50. A sell signal: the level of 148.15 is broken to the downside. Stop Loss: above 149.00, Take Profit: 138.65 – 131.50. Alternative scenario: Breakout and consolidation above the level of 148.15 will allow the pair to continue rising to the levels of 151.32 – 154.70. A buy signal: the level of 148.15 is broken to the upside. Stop Loss: below 147.20,